“Long-Term Care Insurance Depends on Genworth-Oceanwide Transaction,” by Jesse Slome, Observer
“Genworth has been clear: Without the Oceanwide transaction, the company would likely cease writing new LTC policies and potentially fully exit the LTC marketplace, which may cause other market participants in an already shrinking industry to follow suit, ultimately resulting in the elimination of the private LTC market. These potential consequences would place further stress on an already overburdened Medicaid program and on individuals and families across the U.S., with the middle class feeling the greatest impact.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Excellent column by AALTCI president Jesse Slome.
Long-Term Care Insurance Depends on Genworth-Oceanwide Transaction